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Job Seekers Expect Job Market to Bounce Back by Late 2010

Posted inStatistics and trends

on07 Jan 2010

A new survey of more than 1000 job seekers has revealed optimism for an improving job market in the latter stages of 2010

In the new CV Trumpet (www.cvtrumpet.co.uk) survey, almost half of the 1,226 jobseekers responding believed that the employment market will have fully recovered by the end of 2010 - with only 5% believing it will take until 2013 or longer before the job market had recovered from the knock on effect of the recession.

More detailed analysis confirmed that whilst 72% of respondents agreed or strongly agreed that securing new work last year was more difficult than in 2008; only 36% agreed or strongly agreed that it would be more difficult to find new work next year (2010) compared to this (2009).

The survey represents the opinions of both unemployed and people in work seeking new roles.

Robert Odhams for CV Trumpet said;

Our research has revealed a distinct level of optimism regarding the job market next year. There is a 36% increase in the number of people believing that finding work won't become any more difficult next year compared with last. This ties in with the result that job seekers predict that the job market will have recovered within two years.

It's difficult to predict what this might mean for the economy. Job seekers are drawing conclusions based on knowledge of their sector and feedback from employers as they apply for work. However, it would be nice to think that optimism in the job market will be mirrored by a positive outlook for the economy as a whole.

CV Trumpet also received a mix of anecdotal evidence, including Eric in Leicester who revealed;

I would like to believe that many companies are still very cautious in employing new people until such time that they feel the recession is almost over. I think right now they have a 'wait and see attitude' and don't dare risk their businesses before they can see the recovery of the economy. We have now lost hope of ever being employed in the near future and its so frustrating as we sit in the homes and get de-skilled.

Another user said;

The jobs are there if you want them. Even in the height of the recession I still found a job that gave me a £10,500 pay rise. They are there.

Martin from Northwich said;

There has been a lot of talk this year, but not a lot materialising in terms of actual permanent positions. This will not go on for much longer as businesses start making commitments, and 2010 will therefore see an improvement.

Glenys from Basingstoke said;

Marketing vacancies at middle or senior level were very hard to come by 2007/2008. And in 2009 up until very recently, with recruiters reverting to picking only those with the PRECISE sector experience or discipline required. (There was little interest in those who, like me, have transferable skills across the marketing mix and between sectors). I sense a sudden surge of interest in defence marcomms in particular, as well as with other public bodies - are they trying to use up budget before they lose it in financial year 09/10?